Vehicle expense

[Jay138]

Under schedule C - vehicle expense. I sold my business vehicle and bought another. The program is asking for the sales price and is calculating a "gain," but is not considering that I bought a new business vehicle. What am I missing? It's never asked this before. I need help here, ASAP.

[VolvoGirl]

Did you add the new vehicle as a new Asset?

[Critter-3]

Starting in 2018 the ability to trade in a vehicle was removed ... so in the program you will have a sale of the old asset   and  an entry  of the new asset if you use the actual expenses option.